Lyxor expands FI range with sustainable HY bond ETFs

Lyxor has listed three new ETFs built to provide a more sustainable exposure to High Yield bonds. The three ETFs, covering USD High Yield, EUR High Yield, and Global High Yield, use Bloomberg Barclays MSCI Sustainable SRI indices, which apply sustainability filters to the bond universe to reduce exposure to controversial and low-ESG-rated issuers. The indices apply a rigorous ESG standard to High Yield bond issuers: a minimum MSCI ESG rating of BBB is required to be included in the index. MSCI's ESG ratings methodology filters out issuers with low ESG scores and/or who are materially ...